Question
Amounts for Materials Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials
Amounts for Materials
Big Timber Furniture Company manufactures furniture. Big Timber Furniture uses a job order cost system. Balances on June 1 from the materials ledger are as follows:
Fabric | $20,900 |
Polyester filling | 6,300 |
Lumber | 46,800 |
Glue | 2,000 |
The materials purchased during June are summarized from the receiving reports as follows:
Fabric | $102,400 |
Polyester filling | 142,300 |
Lumber | 280,600 |
Glue | 9,700 |
Materials were requisitioned to individual jobs as follows:
Fabric | Polyester Filling | Lumber | Glue | Total | ||||||
Job 101 | $36,900 | $46,500 | $124,400 | $207,800 | ||||||
Job 102 | 28,400 | 50,600 | 108,900 | 187,900 | ||||||
Job 103 | 26,200 | 34,300 | 60,500 | 121,000 | ||||||
Factory overhead-indirect materials | $4,800 | 4,800 | ||||||||
Total | $91,500 | $131,400 | $293,800 | $4,800 | $521,500 |
The glue is not a significant cost, so it is treated as indirect materials (factory overhead).
a. Determine the total purchase of materials in June. $ 535,000
b. Determine the amounts of materials transferred to Work in Process and Factory Overhead for the requisition of materials in June.
Materials transferred to Work in Process Need help with this! | $ |
Materials transferred to Factory Overhead 4,800 | $ |
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